Examlex
____ is a small electronic device consisting of a small chip and an antenna,and performs the same task as bar codes.
Labor-Capital Ratio
The ratio of labor inputs (workforce numbers or hours worked) to capital inputs (machinery, buildings, and technology) in production processes.
Capital Stock
The total amount of physical and financial assets owned by a business or country, including buildings, machinery, equipment, and shares.
Labor Productivity
The measure of economic performance that compares the amount of goods and services produced with the number of labor hours used to produce them.
Per-Worker Production Function
A mathematical function that represents output per worker as a function of capital per worker or other inputs.
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